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A trio of experienced Seattle-area entrepreneurs has joined forces to establish AZX, a startup poised as a boutique firm delivering tailored artificial intelligence solutions for essential industries.
The company commenced operations in October, is self-funded and profitable, and its clients currently include unnamed, leading firms in clean energy and real estate sectors.
“This company was destined to be established,” stated Aaron Goldfeder, AZX CEO and co-founder.
Goldfeder is a co-founder of Meetingflow, a scheduling platform startup that originated from the AI2 Incubator in Seattle, initially known as Panda. It was acquired by Augment in March 2024.
Goldfeder also played a role in launching EnergySavvy, which assisted utilities in managing customer relationships. Uplight acquired the company in 2019.
AZX’s other co-founders include Rich Evans, vice president of technology, and Michael Albrecht, chief operating officer. Evans served as chief technologist and was a co-founder at Meetingflow, while Albrecht was COO at EnergySavvy. All three have previous experience working at Microsoft during their careers.
AZX leverages AI to develop custom applications and AI models aimed at addressing internal business processes within a company’s operations. The solutions are crafted to seamlessly integrate into a client’s existing systems.
AI can tackle “complicated internal processes,” according to Goldfeder, but he noted that existing AI tools don’t always resolve these challenges.
In the past decade, custom applications were avoided due to their high costs, poor performance, and maintenance difficulties. However, AI and generative AI have transformed software engineering and eliminated these constraints, Goldfeder explained.
The field of AI app development is becoming increasingly competitive, with numerous companies striving to expedite the creation of next-generation software.
AZX currently has about nine individuals on its team, comprising both full-time employees and contractors.
The company’s business model charges customers based on project time, and Goldfeder mentioned that they plan to transition to a combination of time-based fees and commissions. While the technology solutions are presently customized, broader applicable products may be offered in the future.
The startup is registered as a public benefit corporation, with Goldfeder noting its mission to “accelerate the transition to clean energy, support climate adaptation, and apply the world’s most promising technologies to its most pressing challenges.”
AZX’s projected revenue for this year is anticipated to be in the low millions. The goal is to double or triple the team’s size over the next year.
For those interested, Goldfeder stated, “we are seeking individuals who are deeply passionate about making an impact and are enthusiastic about AI.”
